Check out some of the most important premarket engines:
Hilton Grand Vacations (HGV): The timeshare company posted a larger-than-expected loss during its last quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a difficult environment, but that 85% of its properties are open and working. Its shares fell 2.3% in premarket trading.
NRG Energy (NRG): The energy provider reported better-than-expected earnings and revenue during its last quarter, and also said the financial impact of the extreme climate in Texas is expected to be within range. of NRG current targeting. The company’s shares jumped 5.5% in the pre-market.
Perrigo (PRGO) – Perrigo shares initially jumped 4.1% in pre-market shares after the pharmacist announced a deal to sell its Generic Rx Pharmaceuticals business to private equity firm Altaris Capital for 1.55 billion of cash dollars and other considerations. However, earnings disappeared after Perrigo reported lower-than-expected earnings during its last quarter as sales fell.
Johnson & Johnson (JNJ) – J&J rose 2.1% in the market after the Covid-19 vaccine received emergency use authorization from the Food and Drug Administration over the weekend, followed of an endorsement from the Centers for Disease Control and Prevention. Administration officials say vaccine deliveries should begin on Tuesday.
Berkshire Hathaway (BRK.B) – Berkshire reported a 23% increase in fourth-quarter earnings to $ 35.8 billion, helped by an increase in the value of Berkshire’s stock holdings. Berkshire also recovered about $ 25 billion in shares during 2020, with CEO Warren Buffett in his annual letter explaining that the measure would increase shareholder value, while leaving cash for other opportunities that may arise. Berkshire Class B shares rose 2.1% ahead of the market.
Twitter (TWTR): Twitter rose 1% in premarket trading after announcing its intention to sell $ 1.252 billion in convertible notes due in 2026, according to market conditions.
Walmart (WMT): The retailer withdrew its $ 35 minimum charge for the two-hour express delivery service. However, the $ 35 minimum will still apply for regular delivery, sidewalk pickup and Walmart + delivery services. Walmart shares rose 1% in the pre-market.
L3Harris Technologies (LHX) – The defense contractor signed an agreement to sell its military training division to Canadian aerospace company CAE (CAE) for $ 1.05 billion. The deal will improve CAE’s defense business.
Logitech (LOGI) – Logitech shares fell 1.5% ahead of the market after saying operating income for fiscal year 2022 would be between $ 750 million and $ 800 million, below $ 1.1 billion of dollars it expects to report for 2021. Logitech had seen a boom in demand for devices such as mice and computer keyboards due to the pandemic, with more people working and attending school from home.
Twilio (TWLO) – Twilio is in talks to invest up to $ 750 million in courier company Syniverse Technologies, according to people familiar with the matter who spoke to The Wall Street Journal. They said the investment expected by the cloud communications company would value Syniverse, currently owned by private equity firm Carlyle Group (CG), between $ 2,000 and $ 3 billion. Twilio rose 2.3% in premarketing stock.
AstraZeneca (AZN) – The drug maker sold its stake in Moderna (MRNA) for more than $ 1 billion, according to the London Times. The newspaper said the sale came after Moderna’s shares soared after the approval of the Covid-19 vaccine, although the exact timing was unclear. Shares of Moderna rose 1.8% in premarket trading.
Vector Acquisition (VACQ): The special-purpose acquisition company will bring public Rocket Lab space transportation to the forefront through a merger agreement that values Rocket Lab at $ 4.1 billion. The deal is expected to be completed during the second quarter. Vector shares rose 17.1% in premarket trading.
Wayfair (W) – Shares of home goods retailer rose 2.1% in pre-market after Truist Securities upgraded shares to “buy” from “hold”, saying it sees an improved outlook for profitability long-term and a faster growth trajectory.
Catalent (CTLT) – The pharmaceutical technology company has been struggling with vaccine production issues, according to a report published in the Financial Times. Catalent fills the vaccine vials for Johnson & Johnson and Moderna and, according to the report, issues related to automation technology have caused the vials to be manually inspected.
Citigroup (C): Citigroup shares rose 2.1% in premarket trading as Jane Fraser takes over as CEO of the bank today, becoming the first woman to lead a major US bank .